Facebook, Inc. (NASDAQ:FB) suffered another major data breach exposing the data of over 540 million of its members
Facebook just suffered another major data breach exposing the data of over 540 million of its members, days after embattled Chief Executive Mark Zuckerberg called for stronger internet regulation.
No worries, concludes Guggenheim, which raised its rating of Facebook’s stock (ticker: FB) from Neutral to Buy, and upped its target price to $200 from $175 on Thursday. It contends shareholders have become more accustomed to data leaks and privacy issues.
“Investors will continue to gain comfort with the incremental financial risk created by content and privacy concerns,” Guggenheim analyst Michael Morris said in a Thursday note.
The social-networking giant’s growth “remained solid,” Morris said, especially with Instagram, its popular photo- and video-sharing app with over 1 billion monthly active users. “We believe usage trends have remained solid (domestic blue app maturity offset by Instagram and global growth) and see the potential for commerce and messaging monetization opportunities as attractively priced within shares,” he said.
Facebook shares are up 2.5% in early morning trading to $177.85 a share. For the year, they’ve improved 36%.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 186.39.
The projected lower bound is: 166.24.
The projected closing price is: 176.32.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 26 white candles and 23 black candles for a net of 3 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 77.4786. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 64.89. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 40 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 132.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 13 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 3 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed down -0.300 at 175.720. Volume was 57% below average (consolidating) and Bollinger Bands were 23% narrower than normal.
Open High Low Close Volume___
176.880 177.000 175.100 175.720 9,594,133
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 170.03 165.46 163.44
Volatility: 22 40 49
Volume: 15,219,400 19,140,290 24,347,788
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FACEBOOK INC A is currently 7.5% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of FB.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on FB.O and have had this outlook for the last 3 periods.